Dream Office Real Estate Investment Trst (TSE:D.UN) Price Target Raised to C$27.00

Dream Office Real Estate Investment Trst (TSE:D.UN) had its price target boosted by National Bank Financial from C$25.00 to C$27.00 in a research report released on Monday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the real estate investment trust’s stock.

Separately, BMO Capital Markets raised Dream Office Real Estate Investment Trst from a market perform rating to an outperform rating and increased their target price for the stock from C$26.00 to C$28.00 in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of C$27.00.

Dream Office Real Estate Investment Trst stock opened at C$26.52 on Monday. Dream Office Real Estate Investment Trst has a twelve month low of C$21.56 and a twelve month high of C$26.70. The stock has a 50 day moving average of C$24.54 and a two-hundred day moving average of C$24.10. The company has a current ratio of 0.91, a quick ratio of 0.08 and a debt-to-equity ratio of 85.45. The stock has a market capitalization of $1.57 billion and a price-to-earnings ratio of 9.90.

In other Dream Office Real Estate Investment Trst news, Director Michael Cooper bought 92,300 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of C$23.38 per share, with a total value of C$2,158,103.22. Following the purchase, the director now owns 9,756,938 shares in the company, valued at approximately C$228,130,870.15. Also, Director Detlef Bierbaum sold 14,650 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of C$23.56, for a total value of C$345,190.63. Following the transaction, the director now directly owns 59,988 shares of the company’s stock, valued at C$1,413,467.25. Over the last three months, insiders have bought 187,400 shares of company stock valued at $4,389,670.

About Dream Office Real Estate Investment Trst

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT owns well-located, high-quality central business district office properties in major urban centres across Canada, with a focus on downtown Toronto.

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Analyst Recommendations for Dream Office Real Estate Investment Trst (TSE:D.UN)

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